Emergen Research’s latest market research report focuses on the global Digital Lending market, and the report provides in-depth analysis of each of its major segments. Reports about the global Digital Lending market provide a comprehensive overview of the market, including market size, revenue growth rate, industry statistics, revenue shares among regional markets, gross profits, production costs, and product portfolios. The report also highlights the most important factors influencing industry revenue growth, including drivers, opportunities, trends, restraints, challenges, demand and supply ratios, production and consumption patterns, strict regulatory frameworks, and a multitude of micro-economic and macro-economic factors. Digital Lending industry projections and qualitative and quantitative assessments have been provided by the report's authors.
The global digital lending market size was USD 12.35 Billion in 2022 and is expected to register a steady revenue CAGR of 13.8% during the forecast period, according to latest analysis by Emergen Research. Rising Internet and smartphone usage and government protection policies and actions and increasing better customer experiences and use of ML, AI, and blockchain technologies for digital lending are key factors driving market revenue growth.
Digital lending offers advantages such as easy information collection of customers, improved load disbursement process, efficiency enhancement, guaranteed faster decision making, and greater consistency of lending process. The recent development of Unified Payment Interface (UPI) is increasing use of digital lending due to cashless transaction procedures through peer-to-peer, interbank, and merchant channels, instant payments and money transfer, protection of personal information of customers, cashback and rewards facility, and monetary transactions through multiple accounts at any point of time. Pre-approved credit limits via UPI are expected to connect the traditional banking industry and create new digital lending choices for banks and non-bank financial institutions. As a result, the governments are taking various initiatives to include UPI in various economic processes and expanding the facilities provided by UPI in other unreached areas of action. For instance, on 6 April 2023, the government of India announced pre-approved credit lines to banks via UPI. The project stimulates innovation and increases the impact of UPI by providing borrowers with access to digital credit lines from banks via UPI. Furthermore, this immediately reduces the number of cards, time, and effort required by clients, making UPI transactions simple, which is expected to drive revenue growth of the market.
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The report contains updated information about the ongoing COVID-19 pandemic and acts as an accurate analysis of the COVID-19 impact on the Digital Lending market. The report draws attention to the COVID-19 impact on the market and its crucial segments. As per the report, the current pandemic is one of the major contributing elements for the potential decline of the market in the coming years. The business sector has been drastically affected by the pandemic, which has adversely altered the market dynamics and demand trends. Financial difficulties brought by the pandemic have delayed the progress rate of various businesses and disrupted the global supply chains. The report further provides a future impact assessment of the Digital Lending market concerning COVID-19.
It focuses on the recent mergers & acquisitions, joint ventures, collaborations, partnerships, licensing agreements, brand promotions, and product launches, among others. The report also provides details about the company overview, business expansion plans, product portfolio, manufacturing and production capacity, global market position, financial status, and consumer base.
The report also discusses the key players involved in the market such as
Tavant, FIS, Fiserv, Inc., Newgen Software Technologies Limited, Pegasystems Inc., Nucleus Software Exports Ltd., Roostify, Inc., Sigma Infosolutions, Temenos, and Intellect Design Arena Ltd
Additional information offered by the report:
- Along with a complete overview of the global Digital Lending market, the report provides detailed scrutiny of the diverse market trends observed on both regional and global levels.
- The report elaborates on the global Digital Lending market size and share governed by the major geographies.
- It performs a precise market growth forecast analysis, cost analysis, and a study of the micro- and macro-economic indicators.
- It further presents a detailed description of the company profiles of the key market contenders.
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Regional Landscape section of the Digital Lending report offers deeper insights into the regulatory framework, current and emerging market trends, production and consumption patterns, supply and demand dynamics, import/export, and presence of major players in each region.
The various regions analyzed in the report include:
- North America (U.S., Canada)
- Europe (U.K., Italy, Germany, France, Rest of EU)
- Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Analysis of the segments and their growth projection is carried out by extensive historical and current analysis of the market scenario. Further, the report offers details about the factors and features of the Digital Lending market expected to boost the growth of the industry in the coming years.
Digital Lending Market Segmentation:
-
Component Outlook (Revenue, USD Billion; 2019-2032)
- Solutions
- Services
-
Deployment Outlook (Revenue, USD Billion; 2019-2032)
- On- Premises
- Cloud
-
Application Outlook (Revenue, USD Billion; 2019-2032)
- Banks
- Insurance Companies
- Savings and Loan Associations
- Credit Unions
- Peer-to-Peer Lending
- Others
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The report focuses on current and future market growth, technological advancements, volume, raw materials, and profiles of the key companies involved in the market. The report provides valuable insights to the stakeholders, investors, product managers, marketing executives, and other industry professionals.
Thank you for reading our report. Please get in touch with us if you have any query regarding the report or its customization. Our team will ensure the report is best suited to your needs.
ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
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